California § 53216.5. 53216.5. (Amended by Stats. 1984, Ch. 1738, Sec. 30.)

California Statutes

§ 53216.5. — 53216.5. (Amended by Stats. 1984, Ch. 1738, Sec. 30.)

California·Code GOV Government Code - GOV·Div. 2.·Title 5. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES·Part 1. PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES·Ch. 2. CHAPTER 2. Officers and Employees·Art. 1.5. ARTICLE 1.5. Pension Trusts

Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative body, trust, or other body, authorized to make investments for a pension trust, may invest, or delegate the authority to invest, the assets of the pension trust, through the purchase, holding, or sale of any form or type of investment, financial instrument, or financial transaction when prudent in the informed opinion of that body pursuant to Section 53216.6.

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Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative body, trust, or other body, authorized to make investments for a pension trust, may invest, or delegate the authority to invest, the assets of the pension trust, through the purchase, holding, or sale of any form or type of investment, financial instrument, or financial transaction when prudent in the informed opinion of that body pursuant to Section 53216.6.

California § 53216.5. (53216.5. (Amended by Stats. 1984, Ch. 1738, Sec. 30.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.